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Type: PDF
Status: Syndicate
Categories: Medical Devices & Consumables
Report Code : MDC23
No. of Pages : 150
Taxol injection is a gelatinous drug, which is extracted from Pacific yew trees, after treat process of chemical synthesis. It’s a sub-field in the group of antineoplastic, used to cure cancer in the breast, ovaries, lungs, cervix, stomach, and others. Taxol infection targets the tubulin, which is a tiny globular protein in the human cell. It has to be injected under the direction of an oncologist having experience in chemotherapy.
Fundamental benefits of taxol injection include rapid outcomes, easy accessibility, and better adequacy as well as precision. These are the few significant driving factors that are projected to drive the growth of the taxol market.
The global taxol market in 2023 was approximately USD 3.89 billion. The market is expected to grow at a CAGR of 13.3 % and is anticipated to reach around USD 6.6 billion by 2030. The rising incidence of cancer is the key driving factor for the significant growth of this market. Taxol injection has higher efficiency for the treatment of cancer compared to other medicines, besides that taxol is easily available in the market which is contributing to the growth of the market. However, the adverse effects of the taxol might hamper the market growth.
The market for taxol is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Novasep, Bristol-Myers Squibb (Celegene), Rochem, Lvye Pharmaceutical, Cipla USA Inc, Fresenius Kabi, Pfizer, Vinkem Pharma LLC, Phyton Biotech, Hetero, ScinoPharm, TAPI(Teva), Samyang and Others.
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